Wall Street Legend

The Tamsui Fund is small and can barely cope with it on a daily basis, but when it comes to things like gathering intelligence, its efficiency is not very high.

Ye Dongqing plunged into his office and used scattered information on the Internet to explore market trends. The recovery momentum of the Nasdaq IT sector this week has been too strong, so strong that he felt that market confidence was not enough to support the current index, and most likely it would There will be a correction in the near future, laying a solid foundation for the next rise.

Since 2000, the continuous downward trend has successfully crushed the confidence of brokerage firms and ordinary investors.

They say it is the bottom every time, but they never see the bottom. A famous manager once said that trying to buy the bottom is like catching a flying knife. This is how many people get hit in the head by the flying knife and get stuck. There is no hope of repayment.

Ordinary people only focus on small profits, but Ye Dongqing is good at grasping the general trend. He does not know the performance of a certain stock in a specific period of time, but he knows whether there will be a market in the future if it develops in the long run.

It is precisely because of this that after watching it for nearly two hours, I am still stuck in the quagmire, unable to confirm which stock I should choose to bet on.

There is still a week left to hesitate, so simply put these aside, close the web page and search for the latest international news. There are business opportunities behind every turmoil and confrontation. It is not mandatory to invest in stocks. Bonds, currencies, and commodities Commodities can also make money. He needs to find the safest and most volatile profit points, diversify his investments and avoid risks. He does not seek to earn the most, as long as he is better than Little Edward.

The end of 2002.

Ye Dongqing found on the Internet that China recently announced the Interim Measures for the Administration of Domestic Securities Investments by Qualified Foreign Institutional Investors. There is a chance to make money by investing there, but it is only suitable for long-term investment, and it will not be officially implemented until January 1 next year. Nowadays it is difficult to invest.

He also found out that the United Nations observers had arrived in Iraq. The friction was already fierce, and the news in the United States was not objective enough. He synthesized relevant news from several well-known European newspapers, and keenly smelled the smell of money. He opened the oil futures transaction price list and carefully Observe the trends over the past month.

Sure enough, New York Mercantile Exchange crude oil futures, London North Sea Brent crude oil futures, and OPEC crude oil spot prices have all risen. With the hope for peace becoming increasingly slim and the uncertainty of war increasing, the price of New York Mercantile Exchange crude oil futures has increased slightly this week. It rose 2.9 percent to US$21.84 per barrel.

Make a mental note of this number and plan to observe it for a few more days.

Today, the United States consumes about 7 billion barrels of oil a year, and the cost of extraction is about one to two dollars per barrel. The oil barrel itself is not valuable. I have never heard of oil ships using small oil barrels to carry oil. This is just a unit of measurement.

He went to search for news about oil mentioned in Washington. Considering the huge demand and profits, Ye Dongqing felt that for his own benefit, some people would definitely raise the price of oil. The giant game among them was none of his business. , all he needs to worry about is whether the oil price will rise as he expected in the next month or so...

I stayed at the company until after six o'clock in the evening. During the winter in the northern hemisphere, it was already dark at this time.

Suddenly I found that Miss Laura was not there, so I called her. After asking, I went home and took a long way to buy a cheese and sausage pizza, plus a fried chicken set meal. The company was on Wall Street, and the house I rented was also on Wall Street. It was only a few steps away. So a little bit far.

They stayed at home all day, worried that Zhao Liuli would be bored. After eating together, they went out to the supermarket to buy some daily necessities and food ingredients.

Ye Dongqing didn't mention what happened last night, and Laura didn't ask any questions. This society values ​​privacy extremely important, but his impression in Laura's mind was that he was successfully classified as a playboy with money. I learned bad things right away.

What disappointed Laura the most was that everyone was poor and happy together before, but now Ye Dongqing left her and made a fortune, and finally began to regret not asking for shares in the first place.

But it's just regret.

Considering the situation at that time, since she was unwilling to go into debt, she had no right to be upset now. Laura was very open-minded in this regard. It was purely her fault that she had poor vision. She was quite grateful to Ye Dongqing for his help...

Amazon's stock did not pull back. Instead, in the next few trading days, it quickly climbed to $24 per share, which was almost double the average purchase price of twelve dollars and eighty cents!

He had previously thought of betting on Internet companies, but the recent rebound was so strong that he never dared to bet.

Tamsui Fund Company successfully made a lot of money. Ye Dongqing sighed and said that he should not invest in Apple, which made Ms. Vigo, Kanike and others feel ashamed and wanted to dig a hole and jump in. After all, they were the ones who suggested it. Share the risks and force the uterus together.

Now it seems that it was a very stupid decision. Looking at the performance of investing in Amazon, it is simply terrible! In nearly a month, I made a total of tens of millions of dollars!

The employees of Tamsui Fund were already dumbfounded. Speaking of which, investing in Apple was Ye Dongqing’s own decision. If he had been ruthless at the beginning, these employees could not stop him. The price rose sharply last week, so he came up with the idea of ​​​​avoiding risks.

Looking back, it wasn't the most correct decision, but it was right.

Ye Dongqing is not a god. He cannot accurately seize every opportunity. He can only find the best development path with limited resources and memory.

For example, today, I cleared all my stocks in the afternoon, and then used almost all the money in my company account, about 43 million U.S. dollars, to bet on oil futures.

The leverage of 12.5 times is used for long positions, the margin is 8%, and the delivery time is set in three months.

Futures are completely different from spot goods. Spot goods are real commodities that can be traded. Futures are mainly tradable contracts for certain mass products, such as cotton, soybeans, oil, etc., and financial assets such as stocks, bonds, etc.

He does not need to pay all the money at once, but only needs to pay part of it as a deposit. This means that he could buy one item with the money he originally had, but now he can pay an 8% deposit and buy 12.5 items. The current price is determined in the form of a contract, and then the balance is paid and the goods are taken away after the contract expires.

This type of futures contract can also be traded in the futures market. Ye Dongqing doesn't really need oil. He is betting that the price of oil will rise in the near future, and then sells the contract in exchange for money. The gameplay is much more exciting than investing in stocks.

Not only do we need to see that small gains can lead to greater profits, but we also need to see that losses can also be magnified.

There are two sides to the same coin. Leverage is both dangerous and attractive.

With a leverage of 12.5 times, if the oil price falls within three months, it does not need to be too much. If it falls by about 8%, Ye Dongqing will lose everything.

Including the money earned recently, as well as the principal of investors!

What made him determined to make the bet was that the price of oil had risen to twenty-three dollars and forty cents a barrel, and that Washington was constantly making small moves. Oil was mentioned six times in one speech, and the time was coming.

Now the total value of crude oil futures in his hands is just over 530 million U.S. dollars, equivalent to more than 22 million barrels of crude oil...